Alphamin Resources (CVE:AFM) Shares Up 5.5% – Still a Buy?

Alphamin Resources Corp. (CVE:AFMGet Free Report)’s stock price shot up 5.5% on Monday . The company traded as high as C$0.60 and last traded at C$0.58. 825,809 shares changed hands during mid-day trading, a decline of 36% from the average session volume of 1,288,284 shares. The stock had previously closed at C$0.55.

Alphamin Resources Price Performance

The company has a debt-to-equity ratio of 21.69, a quick ratio of 2.03 and a current ratio of 1.28. The stock’s 50-day moving average price is C$0.71 and its two-hundred day moving average price is C$1.00. The stock has a market capitalization of C$493.64 million, a PE ratio of 6.75 and a beta of 1.21.

About Alphamin Resources

(Get Free Report)

Alphamin Resources Corp., together with its subsidiaries, engages in the production and sale of tin concentrates. Its principal project is the Bisie tin mine located in the Democratic Republic of Congo. The company was formerly known as La Plata Gold Corporation and changed its name to Alphamin Resources Corp.

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